OYO CEO to forego 100% of his annual salary with the executive leadership team to take voluntary salary cuts

OYO CEO to forego 100% of his annual salary with the executive leadership team to take voluntary salary cuts: In this unprecedented and difficult period, Ritesh Agarwal, the Founder & Group CEO, OYO Hotels & Homes, has decided to forego 100% of his salary for the rest of the year. The company’s entire executive leadership team has taken a voluntary pay cut starting at 25%, with many opting for an additional uncapped amount, and some going up to 50% to enable building the runway for the company. This would be effective April 2020 and the entire company is standing together to tide over these times.

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